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(post is archived)

[–] 1 pt

They owe you a debt but can default on it at any time and you have no recourse.

You are (sadly) correct.

[–] 1 pt

I know plenty of people hate crypto in our circles due to the threat of a (((centralized))) digital currency (which I'd argue is just USD with extra steps, since it has none of the features or benefits of actual crypto), but at least with even the least anonymous (Bitcoin, clones etc.) cryptos, no one but you can initialize a transaction. You have to explicitly send money, no one can "pull" it from your accounts. That's a huge benefit even if it's not anonymous or easy to off-ramp, and for things like Monero which are anonymous, it's even better.

Granted it won't matter if the power goes out or all internet traffic is black holed, but at that point neither will gold or silver, which are significantly more difficult to hold, trade, and transport, and you're better off hoarding food, ammo, weapons, and survival staples like alcohol, matches/lighters, lamp oil etc etc.